Intact Investment Management Inc. Acquires 11,900 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Intact Investment Management Inc. raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 21.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 67,100 shares of the semiconductor company’s stock after purchasing an additional 11,900 shares during the quarter. Intact Investment Management Inc.’s holdings in Texas Instruments were worth $11,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TXN. Annapolis Financial Services LLC raised its position in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. Briaud Financial Planning Inc acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $25,000. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments in the 4th quarter valued at approximately $25,000. Life Planning Partners Inc acquired a new position in shares of Texas Instruments in the 4th quarter valued at approximately $26,000. Finally, AMH Equity Ltd acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $32,000. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.68% of the stock is owned by insiders.

Analysts Set New Price Targets

TXN has been the subject of a number of research analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday. Barclays lowered their price objective on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and set a $210.00 price objective on shares of Texas Instruments in a research report on Wednesday. Susquehanna upped their price objective on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price objective on shares of Texas Instruments from $137.00 to $157.00 and gave the stock a “sell” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $180.74.

Texas Instruments Trading Up 1.3 %

Shares of NASDAQ:TXN traded up $2.23 during trading on Friday, reaching $177.48. The stock had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. The firm’s fifty day moving average is $169.29 and its 200 day moving average is $162.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.35 and a current ratio of 4.91. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The stock has a market cap of $161.59 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.75 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, April 23rd. The semiconductor company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a net margin of 35.16% and a return on equity of 35.28%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period in the prior year, the firm posted $1.85 EPS. The company’s quarterly revenue was down 16.4% on a year-over-year basis. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.2 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, May 7th. Texas Instruments’s dividend payout ratio is presently 81.12%.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.